US President Joe Biden on Tuesday signed into law a bill providing $52.7bn in subsidies for US semiconductor manufacturers and research, in a landmark effort to boost United States competition with China’s scientific and technology initiatives.“The future is going to be made in America,” Biden said at the White House signing, calling the law “a once-in-a-generation investment in America itself”.The Biden administration had previously underscored that the legislation, now called the CHIPS and Science Act, is vital to national security, competing with China, and reducing US dependence on Taiwan and South Korea for critical technologies.
Load More
Load More